Exemption u/s 35AC - C. G had specified for Integrated Rural Development Project by Murleidhor Jalan Foundation as an eligible project or scheme - 064/2003 - Income Tax

Exemption u/s 35AC - C. G had specified for Integrated Rural Development Project by Murleidhor Jalan Foundation as an eligible project or scheme Notification No. 64 of 2003, dt. 31st March, 2003 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 228(E) dated the 17th March, 1994 issued under sub-section (1) read with clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 12, for Integrated Rural Development Project comprising construction of twenty-five primary schools, ten community centres, one vocational training centre at Dibrugarh, one hundred old age homes, one hundred tubewells, five health centres, mobile dispensaries, road construction, one hundred dwelling units for poor, one hundred low-cost latrines and first phase of sports stadium by Murleidhor Jalan Foundation, 25, Ballygunge Circular Road, Calcutta-700019 as an eligible project or scheme for a period of three years beginning with assessment year 1994-1995 which was extended further vide notification number S.O. 482(E) dated 5th July, 1996 for a period of three years beginning with assessment year 1997-98 and which was extended further vide notification number S.O. 322(E) dated 11th May, 1999 for a period of three years beginning with assessment year 2000-2001; And whereas the said project or scheme is likely to extend beyond nine years; And whereas the National Committee, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for a further period of three years; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of Integrated Rural Development Project comprising construcion of twenty-five primary schools, ten community centres, one vocational training centre at Dibrugarh, one hundred old age homes, one hundred tubewells, five health centres, mobile dispensaries, road construction, one hundred dwelling units for poor, one hundred low-cost latrines and first phase of sports stadium which is being carried out by Murleidhor Jalan Foundation, 25, Ballygunge Circular Road, Calcutta-700019, at the estimated cost of rupees Four crore Seventeen lakhs Seventy-Four thousands only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2003-2004. [F.No. NC-166/2002]